Why Is Sandisk (SNDK) Stock Price Up 6.82% Today, Sep 22? Rosenblatt’s $2,400 Target and AI NAND Demand Lift SNDK

Sandisk surged 6.82% after Rosenblatt initiated coverage at Buy with a $2,400 target, citing AI-driven data-center NAND demand and improved long-term visibility via customer agreements. Strength in peers (Micron, Seagate) reinforced a broader memory/storage risk-on tone. Technically, the close above key EMAs supports momentum, but follow-through beyond the prior high is needed to confirm sustained demand versus a one-day catalyst move.